SandRidge Investor Suit Targets CEO's 'Unethical' Moves

Law360, New York (March 25, 2013, 1:56 PM EDT) -- Embattled oil and gas firm SandRidge Energy Inc. on Friday was plunged into further turmoil as investors launched a derivative suit in Oklahoma federal court accusing company directors of being complicit in the chief executive's “highly unethical and outrageous" competing side business.

The complaint, which names CEO Tom Ward and six other members of the 11-person board, adds to a chorus of criticism targeting an investment vehicle that the chief executive established for his children that has been snapping up mineral rights alongside SandRidge holdings in...
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